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Exchange Controls

Volume 975: debated on Wednesday 5 December 1979

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asked the Chancellor of the Exchequer what was the total value of payments and transactions subject to Treasury direction within section 40 of the Exchange Control Act 1947 (a) immediately before the Chancellor of the Exchequer's recent announcement of the abandonment of exchange controls and (b) at the latest available date.

[pursuant to his reply, 3 December 1979]: The value of assets restricted by Treasury directions under section 40 of the Exchange Control Act 1947 on 23 October 1979 is not known. No assets are so restricted now.